The Oceania Times

Top Menu

  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions

Main Menu

  • Australian Economy
  • Brokers
  • Commodities
  • Currencies
  • Financial Market
  • Gold and Precious Metals
  • Investment
  • Stock Shares
  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions

logo

The Oceania Times

  • Australian Economy
  • Brokers
  • Commodities
  • Currencies
  • Financial Market
  • Gold and Precious Metals
  • Investment
  • Stock Shares
  • Insider Selling: Funko, Inc. (NASDAQ:FNKO) Insider Sells 7,893 Shares of Stock

  • What does your city sound like? – UQ News

  • Cryptocurrencies Are Down, But Don’t Count Them Out

  • Brokers changing rates at the dock – our latest podcast

  • 8 Home-building and Steel Stocks That Offer Substantial Value

Investment
Home›Investment›Reading project cited as an example of the success of Pa. investment in redevelopment

Reading project cited as an example of the success of Pa. investment in redevelopment

By Megan
June 10, 2022
3
0
Share:

Neil Weaver stood looking out the large windows that fill the walls of the 10th floor of the Medical Arts Building in downtown Reading on Friday morning.

To his left, at the base of Mount Penn, the castle-like Reading High School. To his right, the tops of the Berks County courthouse and county services building jutted skyward.

And in the middle, off in the distance, the Pagoda poked above the mountain’s tree line.

It will sure make quite a view for the person who eventually lives in the apartment that will be built in the space, the secretary of the state Department of Community and Economic Development quipped.

State Rep. Manny Guzman (right) points out some of the sites visible from the 10th floor of the Medical Arts Building to State Department of Community and Economic Development Secretary Neil Weaver during a tour of the site that is currently being redeveloped. (DAVID MEKEEL ??
State Rep. Manny Guzman, right, points out some of the sites visible from the 10th floor of the Medical Arts Building in Reading to state Department of Community and Economic Development Secretary Neil Weaver during a tour of the site that is being redeveloped. (DAVID MEKEEL — READING EAGLE)

The thin and tall Medical Arts Building at 226 and 230 N. Fifth Street is undergoing a major renovation. Owned by William and Judith McMahon of Exeter Township, the 1929 structure is receiving a major makeover and an addition at the hands of local developer Alan Shuman.

After sitting mostly vacant since 1976, the plan is to convert the 12-story building into a mix of retail and residential space. When complete, it will include 35 apartments.

Part of getting to that point is support from the state. And that’s why Weaver visited it Friday.

In December, the project was awarded a $2.25 million grant through the state’s Redevelopment Assistance Capital Program. Weaver said he believes the state’s investment in the project — as well as in other projects around Reading and Berks — is money well spent.

“Every time I come here there’s something new, something exciting,” he said.

Weaver said he feels Reading is a city moving in the right direction, adding that it should be a model for cities across the state.

State Rep. Manny Guzman, who joined Weaver on his tour, said he couldn’t agree more about prospects for the city he calls home.

“We all want to see Reading become that diamond in the rough we all know it can be,” he said. “I wholeheartedly believe in the future of Reading.”

Mayor Eddie Moran likewise spoke about Reading’s future, citing the Medical Arts Building as one example of the exciting things that are happening.

“We’re a city on the rise,” he said.

For more information about the Redevelopment Assistance Capital Program visit budget.pa.gov/Programs/RACP.

The Medical Arts Building in the 200 block of North Fifth Street is currently undergoing renovations that will see it transformed into retail and residential space. (DAVID MEKEEL ??
The Medical Arts Building in the 200 block of North Fifth Street is undergoing renovations that will see it transformed into retail and residential space. (DAVID MEKEEL — READING EAGLE)

Source link

Previous Article

PSP Investments returns 10.9% for fiscal year

Next Article

Insider Buying: Diageo plc (LON:DGE) Insider Buys ...

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Megan

Related articles More from author

  • Investment

    Financial Analysis: Bridge Investment Group (BRDG) vs. The Competition

    June 4, 2022
    By Megan
  • Investment

    South Korea Data Center Market to Reach Investment of $5.8

    June 20, 2022
    By Megan
  • Investment

    10th Anniversary of Investing with Impact Platform

    May 25, 2022
    By Megan
  • Investment

    U.S. Firms In Shanghai Cutting Revenue Forecasts, Investment Plans After Lockdowns — Survey

    June 15, 2022
    By Megan
  • Investment

    Investing In The Black Community

    June 13, 2022
    By Megan
  • Investment

    To protect the Earth and its people, religious orders invest in climate solutions | Earthbeat

    May 28, 2022
    By Megan

Leave a reply Cancel reply

You may interested

  • Australian Economy

    ‘Stunning pay rise’: commodity boom to fuel improved Australian budget | Australian economy

  • Stock Shares

    Alain Lemaire Sells 160,338 Shares of Cascades Inc. (TSE:CAS) Stock

  • Stock Shares

    Under Armour Stock Has Tanked. Director David Gibbs Scooped Up Shares.

  • LATEST REVIEWS

  • TOP REVIEWS

Timeline

  • June 25, 2022

    Insider Selling: Funko, Inc. (NASDAQ:FNKO) Insider Sells 7,893 Shares of Stock

  • June 25, 2022

    What does your city sound like? – UQ News

  • June 25, 2022

    Cryptocurrencies Are Down, But Don’t Count Them Out

  • June 25, 2022

    Brokers changing rates at the dock – our latest podcast

  • June 24, 2022

    8 Home-building and Steel Stocks That Offer Substantial Value

Best Reviews

Latest News

Stock Shares

Insider Selling: Funko, Inc. (NASDAQ:FNKO) Insider Sells 7,893 Shares of Stock

Funko, Inc. (NASDAQ:FNKO – Get Rating) insider Tracy D. Daw sold 7,893 shares of the firm’s stock in a transaction on Thursday, June 23rd. The stock was sold at an ...
  • What does your city sound like? – UQ News

    By Megan
    June 25, 2022
  • Cryptocurrencies Are Down, But Don’t Count Them Out

    By Megan
    June 25, 2022
  • Brokers changing rates at the dock – our latest podcast

    By Megan
    June 25, 2022
  • 8 Home-building and Steel Stocks That Offer Substantial Value

    By Megan
    June 24, 2022
  • Recent

  • Popular

  • Comments

  • Insider Selling: Funko, Inc. (NASDAQ:FNKO) Insider Sells 7,893 Shares of Stock

    By Megan
    June 25, 2022
  • What does your city sound like? – UQ News

    By Megan
    June 25, 2022
  • Cryptocurrencies Are Down, But Don’t Count Them Out

    By Megan
    June 25, 2022
  • Brokers changing rates at the dock – our latest podcast

    By Megan
    June 25, 2022
  • Insider Selling: Funko, Inc. (NASDAQ:FNKO) Insider Sells 7,893 Shares of Stock

    By Megan
    June 25, 2022
  • Australian economy survived Covid better than most but recovery could slow, OECD says | Australian ...

    By Megan
    September 14, 2021
  • Is Disaster Looming for Australia’s Economy?

    By Megan
    September 29, 2021
  • Delta has hit Australia’s economy harder than any other OECD nation. But it’s not all ...

    By Megan
    October 13, 2021

Trending News

  • Stock Shares

    Insider Selling: Funko, Inc. (NASDAQ:FNKO) Insider Sells 7,893 Shares of Stock

    Funko, Inc. (NASDAQ:FNKO – Get Rating) insider Tracy D. Daw sold 7,893 shares of the firm’s stock in a transaction on Thursday, June 23rd. The stock was sold at an ...
  • Australian Economy

    What does your city sound like? – UQ News

    A University of Queensland academic has created the first artwork in the world to combine augmented reality (AR) game music with places in the community. City Symphony, co-created by UQ’s ...
  • Financial Market

    Cryptocurrencies Are Down, But Don’t Count Them Out

    Updated June 24, 2022 9:27 pm ET / Original June 24, 2022 9:15 pm ET Order Reprints Print Article Text size This commentary was issued recently by money managers, research ...
  • Brokers

    Brokers changing rates at the dock – our latest podcast

    It’s no surprise that Marty Ellis hears a lot of complaints about brokers. And he’s the first one to note that all brokers aren’t bad. But some of the situations ...
  • Stock Shares

    8 Home-building and Steel Stocks That Offer Substantial Value

    Looking for the cheapest stocks in the market now? Two industries stand out: home builders and steel makers. Barron’s screened for the 10 stocks in the S&P 500 index, S&P ...
  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© Copyright The Oceania Times. All rights reserved.

SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.